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White House courts progressives on chained CPI

Even before the White House releases its budget today, the line item that's made the most waves is the inclusion of a switch to the so-called chained CPI, which would reduce benefits for Social Security recipients by changing the way inflation is calculated. This naturally touched off a firestorm on the left from many who say that, in addition to being bad policy, it's political suicide for a Democratic president to cut a social safety net program.

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